Most Recent Blog Posts

Apr 11, 2016

Weissbluth: DOL Rule Riddled With Loopholes

HighTower CEO Elliot Weissbluth says the Department of Labor’s rule waters down fiduciary and is riddled with exceptions, such as the one that allows....More
Mar 08, 2016

Inside an IRS Imposter Scam2

Someone claiming to be from the Internal Revenue Service called me twice today. Here’s what happened when I called them back....More
Mar 03, 2016

MetLife Can’t Shake SIFI Designation

Even after MetLife agreed to sell off its advisor force to MassMutual on Monday, the company could not wiggle free of its label as a systemically....More
Feb 29, 2016

Almost Half of Advisors Fired for Misconduct Rehired

Almost half of advisors who were fired from firms because of misconduct found new employment within the industry within a year....More
Feb 22, 2016

Vermont Beefs Up Cyber, Elder Abuse Safeguards

Under a new set of rules out of Vermont, RIAs must have written procedures around cybersecurity and report instances of financial abuse....More
Feb 18, 2016

FINRA Launches Information Sweep on Firm Culture1

The Financial Industry Regulatory Authority is asking more than a dozen broker/dealers to submit information on their policies and procedures that go....More
Feb 04, 2016

NASAA Updates Series 63, 65, 66 Exam Content

The Series 63, 65 and 66 exams are keeping with the times. The North American Securities Administrators Association announced Thursday the exams,....More
Jan 28, 2016

FINRA Plans Changes to Registration and Testing Rules

The Financial Industry Regulatory Authority will be working on a number of rule changes in 2016, including moving forward on its plan to revamp....More
Jan 26, 2016

IBDs Lagging in Cybersecurity Safeguards

When it comes to cybersecurity, independent broker-dealers lag the wider industry on utilizing basic safeguards to protect customer information and....More
Jan 14, 2016

Chamber of Commerce to Fight DOL Fiduciary Rule

The U.S. Chamber of Commerce said Thursday it will use every tool at its disposal to challenge the Department of Labor’s proposed fiduciary rule,....More
Jan 11, 2016

ETF, Variable Annuity Sales Top SEC's 2016 Watchlist

The Securities and Exchange Commission will be looking more closely at exchange traded funds and variable annuities this year....More
Dec 31, 2015

Senior Hotline Sees Early Success

The Financial Industry Regulatory Authority’s Securities Helpline for Seniors has responded to over 2,500 calls and helped recover nearly $750,000....More
Dec 16, 2015

WATCH LIVE: Federal Reserve Meeting

Follow along as the staff provides up-to-the-minute on what advisors need to know about the Federal Reserve's decision to hike....More
Dec 11, 2015

SEC Goes After Soccer Club Owner for Fraud

The owner of an English soccer club is nothing more than a penny stock fraudster, mixing lies and threats to line his pocket with investors’....More
Dec 07, 2015

At Least We Can All Agree Fiduciary Is An Inconsistent Standard

How can the financial services industry expect investors to understand and care if their advisor is acting as a fiduciary when many participants don’....More
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Compliance, regulatory and legal issues, with a fair amount of cops and robbers for fun.

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